Binance Whales Gobble Up Ethereum Again – Is Another Mega Rally Brewing?
Crypto’s big players are making moves—Binance whales just flipped the switch back to accumulation mode for Ethereum. Last time this happened, ETH ripped 40% in three weeks. Coincidence? Wall Street would say yes—then quietly front-run the trade.
These aren’t your grandma’s HODLers. When exchange wallets bleed 120K ETH in a week while prices dip, it’s either the smartest money in the room... or the most over-leveraged. Place your bets.
The real tell? Watch the Tether printers. Nothing screams ’institutional FOMO’ like stablecoin issuers minting $2B fresh USDT during the accumulation. Just don’t ask how they’re always perfectly timed.
Ethereum Whales Return As Bullish Signal Flashes On Binance
Ethereum has spent the past year trailing behind Bitcoin, underperforming and struggling to build momentum as it faced continuous selling pressure and indecisive price action. While BTC rallied to new all-time highs, ETH remained locked in a range, disappointing investors and leaving many questioning its leadership in the altcoin space.
However, recent price action tells a different story. Over the past few weeks, Ethereum has entered a more constructive phase. Despite ongoing geopolitical tensions, particularly between the US and China, Ethereum has shown resilience, holding above $2,500 and attempting to reclaim higher levels. The shift in sentiment is now being reinforced by on-chain and market data.
Top analyst Darkfost shared a compelling metric showing that Ethereum whales are once again active on Binance. His chart combines spot and futures market activity, cumulative volume, and moving averages — producing a rare all-in-one signal. The last time this signal lit up was in December 2023, just before Ethereum exploded from $2,200 to $4,000 in a matter of weeks.
According to Darkfost, since May 19, large buy orders from whales have been appearing in force on Binance. This surge in high-volume activity is a highly encouraging sign and may mark the early stages of a new bullish trend.
Ethereum Price Analysis: Bulls Defend Key Support In Range Consolidation
Ethereum (ETH) is currently trading around $2,512 after rejecting the $2,700 resistance zone multiple times over the past few weeks. As seen in the daily chart, ETH has entered a sideways consolidation phase, fluctuating between the 34-day EMA ($2,378) and the 200-day SMA ($2,683). Despite recent pullbacks, bulls are still defending the $2,500 area, which now acts as critical short-term support.
The chart shows a clear range formation with decreasing volume, suggesting that the market is waiting for a breakout decision. ETH remains above its 34-day EMA and all short-term moving averages (50/100 SMA), signaling that the uptrend structure is intact for now. However, any strong daily close below $2,480–$2,500 could shift momentum and invite deeper retracement toward $2,350.
To resume bullish momentum, Ethereum must reclaim the $2,700–$2,800 resistance area with conviction, as this level has capped every upside attempt since early May. If successful, a breakout could open the door to a push toward $3,000 and beyond.
Featured image from Dall-E, chart from TradingView
